The Senate passed a $2 trillion stimulus bill to help support the the country’s economy during the novel coronavirus pandemic, with the House of Representatives set to vote on the bill Friday morning.
The bill includes sending most Americans a personal check to help prop up households amid the economic disruption.
Business Insider created a chart to show how much money Americans will receive from the relief package, based on their income.
An individual who reported an income of $75,000 or less on their taxes will receive $1,200, with declining amounts for Americans earning more than that.
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The novel coronavirus has had a major impact on the US economy, from businesses having to temporarily close to many Americans across several industries being laid off from work.
To help with the economic strain from the outbreak, the Senate on Wednesday night passed a $2 trillion stimulus bill, with the House of Representatives set to vote on the bill Friday morning.
The coronavirus relief package includes giving most Americans a personal check based on their adjusted gross income reported on their 2019 taxes, or their 2018 taxes if they have not filed this …read more
Source:: Businessinsider – Strategy